Bitcoin Cash BCH/USD is trading at 646. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the level of 700, from which it is expected to attempt a rebound and continue falling with a target below the level of 525.
Bitcoin Cash forecast & analysis BCH/USD April 5, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 980.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 810, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and the closure below the level of 620.